An income which generated with little or no effort after one-time work is called Passive income. It may be your alternate source of income or even main source of income.

Book publishing is a better example, This is a one time work you spend several months to build a book and once it is published in market,

You are done. All the money coming to you is either with little effort or no effort at all.

You reap the benefit even when you are sleeping. This kind of revenue making model is called passive income.

The money will come to you whenever someone buys the book. It is not necessary that you need to work actively.

Ok, Why do you need to make passive income? This is a fair question.

passive income will only let you do whatever you want to do in your life. Passive income may be an additional income or main source of income which basically keep coming to your pocket recurrently even when you are not spending too much of your time and effort.

One of the greatest investors in the world Warren Buffett remind us about the importance of making passive income.

“If you don’t find a way to make money while you sleep, you will work until you die” – Warren Buffett

Generating passive income is not an option in your life, it is an essential part of your life.

There are several ways you can make money online passively, but the amount of time it takes and the amount investment you need to make changes depends on the path you are traveling. You are supposed to identify the right path to generate passive income.

Let me show you some passive money making paths which I know,

Website/blog – Sell ads (Google Adsense is perfect example)

Affiliate marketing

Teaching- sell course online

Sell products online (Amazon/Flipkart/Snapdeal)

Sell ebooks/books/themes

Investments(Stock/Real estate/Business)

Your turn to choose the right path.

Initially start with one path, once you started gaining knowledge to make passive money. You can explore other different options to make passive money,

I always suggest you start with one option and stay consistent on the path as long you succeed in it and never give up.(Secret of success)

Making money online is may be difficult initially but it is not impossible task. Believe in yourself and start progressing.

#1 Website/Blog

This is my cup of tea. I am excited to share my knowledge through the blog because it easy to set up a blog and it is easy to create and publish a content.

Create a website or blog on your favorite subject and create valuable content around the topic.

Identify one core idea

Create content around the core idea, do not divert

Create valuable content to your audience

Create informative and engaging content

Display ads(Google Adsense)/sell products/Affiliate marketing

Get feedback from your audience

Repeat the process.

In my case, I mostly write about blogging, affiliate marketing and how to generate passive income? as you can see all these topics are closely related to each other,

so it is easy to find the ideas and inspiration for my content.

Starting and being consistent is the secret to succeed in blogging.

Check out my exclusive article specially designed to help people succeed in blogging

[link to How to start a blog – Complete Guide – In Progress]

#2 Affiliate Marketing

Affiliate marketing is a technique were you recommend some best products to your audience that will help your audience.

Recommend a product on your blog

Audience follow the affiliate link

Buy the product or service

Your audience gets a great product (Win for audience)

You will receive commission from your product owners (Win for you)

Top bloggers prefer to use affiliate marketing strategy than displaying advertisement in their blogs because they do not want to leave their audience out of the blog for just a few dollars instead they recommend a valuable product for the audience.

The audience gets the benefit from the product and the bloggers get the affiliate commission revenue.

[Link to How to Start Affiliate Marketing – Complete Guide – In Progress]

#3 Teaching

Teaching is a great way to make passive income, you are excited about something which you love, it can be anything like reducing weight, speed reading, blogging, making passive income.

If you are good at the particular topic. You share your experience and thoughts with other people around the world.

Teaching is exciting and self-satisfying and more importantly teaching online is best passive income path.

So many people making so much of passive income through online teaching, How do they do it?

Identify a subject

Create course (include video,audio,pdf,quiz)

Publish (see the below top-rated platforms)

Promote – share with social media, blog, advertise

Some of the top-rated platforms help you publishing your courses as quickly as possible and they help all the ways to promote and make a sale.

Udemy

Skillshare

Pluralsight

Lynda.com

Teachable

Scott Allen is a guy who inspired more than anyone in terms of passive income because he creates a lot of content for the blog and online teaching (with Pluralsight).

Is this awesome right?. He is good at something and he is excited to do it again and again. So he shares his knowledge with rest of the world through online teaching and rest is the history.

In Less than Five Years, Scott Allen has Earned More than $1.8 million in Teaching Fees and Royalties as a Computer Programming Teacher for Pluralsight, a Leading Online Training Resource for Web and IT Pros – Pluralsight 2013 newsletter

Just start your journey as soon as possible.

[Link to How to Start Online Teaching – Complete Guide – In Progress]

#4 Selling Products online

E-Commerce is multi-billion dollar business all across the world, companies like Amazon, Flipkart making huge investments to take advantage of the E-Commerce revolution.

In India, the biggest competition is between and Amazon and Flipkart. So selling your products in any one of the platform or in both can give you reach throughout India to obtain the customer.

Why you have to choose Amazon or Flipkart?

Brand- Flipkart and Amazon spend several millions of dollars for advertisement

Trust – They build customer trust on quality, delivery, customer support and etc

They are technically strong to reach the customer and retain them.

In the Initial stage of your online selling career, it is always best to go with anyone of the e-commerce giant, because you take all the advantages from them.

Amazon is a global company which spreads all across the world, you can literally sell all your products across the world just sitting on your dining table.

#5 Selling Ebook/Book/Themes

Publishing a book or developing a theme will be a hell lot of work (one time) for you but once you did it. The asset you created will generate passive income as long as it has values to sell in the market.

Take an example of book publishing,

Earlier days book publishing was a tedious process, you send scripts to various publishers and wait for them to contact you. You get very little amount of money as royalty from your publisher.

About Me

I am Ramakrishnan – an optimist, honest and hardworking guy from India. I do programming for my living and blogging/Affiliate Marketing for fun and enjoyment.

I have extensive experience in developing software and just started blogging, affiliate marketing as a source to make a passive income and asset creation. Now I am trying to write more about blogging, hosting plans, themes, content creations techniques and affiliate marketing. [Continue Reading]